Sunrun (RUN) Stock Moves -0.7%: What You Should Know
Sunrun (RUN) closed at $37.10 in the latest trading session, marking a -0.7% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.72%. Meanwhile, the Dow lost 0.45%, and the Nasdaq, a tech-heavy index, lost 0.27%.
Heading into today, shares of the solar energy products distributor had gained 6.71% over the past month, outpacing the Oils-Energy sector's gain of 1.38% and the S&P 500's loss of 9.06% in that time.
Investors will be hoping for strength from Sunrun as it approaches its next earnings release. The company is expected to report EPS of -$0.01, down 109.09% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $536.81 million, up 22.34% from the prior-year quarter.
RUN's full-year Zacks Consensus Estimates are calling for earnings of -$0.92 per share and revenue of $2.15 billion. These results would represent year-over-year changes of -135.9% and +33.63%, respectively.
Investors should also note any recent changes to analyst estimates for Sunrun. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 21.26% higher. Sunrun currently has a Zacks Rank of #3 (Hold).
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 90, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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